3 stories tagged asia-market on EV Digest.
Chinese automaker BYD has reached a significant production landmark, building over 150,000 commercial plugin vehicles. This achievement coincides with robust sales figures, as the company reported a 113% year-over-year increase in commercial EV sales last month. Overall, BYD's commercial EV sales climbed 29% during the first nine months of the year, underscoring its expanding presence in the sector.
Thailand's government is planning to increase import duties on electric vehicles, signaling a shift in its EV market strategy. This move, aimed at supporting domestic EV production, could lead to higher prices for imported models and reshape consumer choices in the Southeast Asian nation.
BYD is expanding its Fang Cheng Bao sub-brand with a new, smaller off-road focused electric SUV, revealed in initial spy shots. This rugged model is expected to offer a more accessible entry point into the brand's adventure-oriented lineup, building on the success of the larger Fang Cheng Bao 5.
